Currently drive a 4 yr old diesel Fiesta. Thinking about a couple of year old A3 2.0 TDI or 1 series 120d.
Looking for something quicker and more comfortable on longer drives. I like small(ish) cars for ease of driving around town and parking. I appreciate there is a trade off to make here in that a bigger car is typically a more comfortable cruiser. I have no "keep up with the Jones" bias to owning new.
I have a short commute to work and like to take a long trip at the weekend. I currently drive a previous model diesel Fiesta. I would like a more comfortable car to be in: options I am looking for include cruise control and climate control. I am also after sub 8 second 0-60mph performance. 3 doors please. I do 6k annual mileage. I have 7 years no claims.
I share the frustration with those on my earlier 1 series thread that fuel and possibly insurance costs are typically given unequal weighting to depreciation, maintenance and financing costs when making a purchase decision. I reckon that an older car which loses less money each year is likely to offer better ownership value than a brand new car. I don't mind driving a 6 year old car.
I've summarised my current ownership costs below:
Existing annual ownership costs are approximately:
Insurance: £400
Fuel: £640
Maintence: £300
Tax: £35
Depreciation: £500
Loss of return on capital: £225 [if I put the capital value of the car in a 5% real return investment (£4500 * 5% = £225)]
Total ownership cost: Approx £2100/year (£175/month)
I'd be willing to stretch up to £5k/year on ownership costs. Maybe more for the right car.
Having read quite a few previous posts I appreciate how little I know compared to most here (Hi Fox).
Any advice appreciated.
Thank you for reading the long post.
[edit: annual mileage and no claims added. Explanation of loss of capital return added.]
Looking for something quicker and more comfortable on longer drives. I like small(ish) cars for ease of driving around town and parking. I appreciate there is a trade off to make here in that a bigger car is typically a more comfortable cruiser. I have no "keep up with the Jones" bias to owning new.
I have a short commute to work and like to take a long trip at the weekend. I currently drive a previous model diesel Fiesta. I would like a more comfortable car to be in: options I am looking for include cruise control and climate control. I am also after sub 8 second 0-60mph performance. 3 doors please. I do 6k annual mileage. I have 7 years no claims.
I share the frustration with those on my earlier 1 series thread that fuel and possibly insurance costs are typically given unequal weighting to depreciation, maintenance and financing costs when making a purchase decision. I reckon that an older car which loses less money each year is likely to offer better ownership value than a brand new car. I don't mind driving a 6 year old car.
I've summarised my current ownership costs below:
Existing annual ownership costs are approximately:
Insurance: £400
Fuel: £640
Maintence: £300
Tax: £35
Depreciation: £500
Loss of return on capital: £225 [if I put the capital value of the car in a 5% real return investment (£4500 * 5% = £225)]
Total ownership cost: Approx £2100/year (£175/month)
I'd be willing to stretch up to £5k/year on ownership costs. Maybe more for the right car.
Having read quite a few previous posts I appreciate how little I know compared to most here (Hi Fox).
Any advice appreciated.
Thank you for reading the long post.
[edit: annual mileage and no claims added. Explanation of loss of capital return added.]
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